PulteGroup’s Brent Baker and the Palm Beach Gardens (Google Maps, Getty)
PulteGroup, a single of the nation’s premier homebuilders, bought 80 lots at Avenir in Palm Seashore Gardens.
Data clearly show Atlanta-dependent PulteGroup, through its subsidiary DiVosta Homes L.P., paid out $8 million for the portfolio of house web-sites. The vendor is Avenir Improvement LLC, the developer of Avenir, a learn-prepared neighborhood with solitary-loved ones homes from many homebuilders, including Toll Brothers and Akel Residences.
Avenir also involves Panther Countrywide, a Jack Nicklaus-made household golf local community, which gained $170 million in financing in Might from Centaury Holdings.
PulteGroup’s latest acquisition equates to $100,000 for every good deal.
This will be the next Avenir progress for PulteGroup, which past year acquired 98 plenty for $13.7 million and developed Avondale at Avenir, a one-spouse and children dwelling progress. The builder released income for Avondale this summertime, with 390 households ranging from two- to five-bedrooms, and flooring ideas spanning 2,269 sq. ft to 3,247 square ft. Prices start out at $693,000 and best out at $1 million for the biggest floor strategies.
PulteGroup did not promptly reply to requests for comment on its hottest invest in.
Avenir is between the greatest learn-prepared group developments in South Florida. The internet site spans 4,800 acres, and includes approval for 3,900 household units, largely one-household residences, a 300-vital hotel, 200,000 sq. toes for health-related offices, and 400,000 square toes for retail. The enhancement also consists of 1.8 million prepared square feet of place of work house, as perfectly as a 2,400-acre nature maintain.
PulteGroup recently dropped $6.9 million on a 6.7-acre advancement internet site in Plantation, with designs to construct an 86-device townhouse task named Emory. The townhomes will probably hit the market place early upcoming calendar year, starting at $400,000.
